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Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth

Forward Guidance

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The Fed's Failure to Continue Quantitative Tightening

Tom J. Powell is succeeding in continuing quantitative tightening while he pulls back on the lever of rate hikes, which he failed to do last time. He wants to succeed at this because he knows that an $8 trillion dollar belowed at balance sheet is simply too big to sustain.

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